Expands capabilities within the fast-growing
North American private label cookie and cracker market
TORONTO,
May 15,
2024 /CNW/ - Commercial Bakeries Corp. ("Commercial
Bakeries"), a producer of private label packaged cookies
headquartered in Toronto, Canada,
is pleased to announce that it has acquired Imagine Baking, Inc.
("Imagine Baking"), a manufacturer of specialty / premium and
better-for-you crackers, cookies, biscuits, and brittle, focusing
on the gluten-free and organic spaces.
This marks the first add-on acquisition for
Commercial Bakeries since Graham Partners ("Graham"), a private
investment firm targeting investing in advanced manufacturing
companies, acquired Commercial Bakeries in September 2023. Imagine Baking provides an
opportunity for the combined company to expand its capabilities and
capitalize on the growing trend towards private label baked snacks
in the North American cookie and cracker market.
Imagine Baking is headquartered in Sandusky, Ohio, where it operates a 114,000
square foot facility that includes segregated manufacturing lines,
multiple packaging capabilities, and a sizeable R&D laboratory,
which will help to unlock additional opportunities for the combined
businesses.
Adrienne and John
O'Donnell, founders of Imagine Baking, said: "This will be a
win-win for both our companies, as we look forward to adding our
innovation focus to the strong product offerings at Commercial
Bakeries. Together we will create a compelling solution for both
national brands and private label needs."
Shawn Warren, CEO
of Commercial Bakeries further commented: "We are delighted to
welcome John and Adrienne O'Donnell
and their Imagine Baking team into the expanded business. We are
confident that together we will accelerate towards our promise of
'Baking Up Better' every day and in every way."
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About Commercial Bakeries
Headquartered
in Toronto, Canada, Commercial
Bakeries is a producer of private label packaged cookies with a
focus on specialty / premium, better-for-you, and seasonal /
limited time offering ("LTO") products. Commercial Bakeries
primarily serves the retail and co-manufacturing channels,
partnering with many retail grocery chains and brands in
North America.
About Imagine Baking
Imagine Baking is
a manufacturer of crackers, cookies, biscuits, and brittle,
focusing on the gluten-free and organic spaces. Imagine Baking has
a strong track record of partnering with its customers to develop,
optimize, and commercialize innovative, trend-forward specialty
baked products with a health and wellness emphasis.
About Graham Partners
Graham
Partners is a private investment firm focused on investing in
technology-driven companies that are spurring innovation in
advanced manufacturing, resulting in product substitutions, raw
materials conversions, and disruptions to traditional end markets.
Based in suburban Philadelphia,
the firm has access to extensive operating resources and industrial
expertise and is a member of The Graham Group, an alliance of
independent operating businesses, investment firms, and
philanthropic entities, which all share in the common legacy of
entrepreneur Donald Graham.
SOURCE COMMERCIAL BAKERIES CORP